Recent content by stag15

My problem with 401ks is that you are not given many options. Some people literally get 3 funds to choose from. If its my money, why can't I invest in individual stocks?

If you had billions of US dollars in your reserves, as many countries do, would you enjoy watching a 'gradual decline' of the value of those reserves? I don't think so. You would probably start converting those reserves into something of value. Just because the decline has been gradual over...

Luckily, I didn't learn about gold/silver until prices collapsed. I have bought at 11-16. Probably have an average price around 13-14. I still think we are going to look at the current price (17.70) and laugh in about 2-3 years.

PWE was up 9%. PGH up 2.5%. PVX up 5.5%. My guess is more of these companies will be bought out by Asian countries. Simple math says that HTE was bought for about $25 per barrel.

No, its a goldman shower.

EVEP, VNR, PWE, all pay dividends over 10%. Plus as the dollar falls, oil and gas should go up making the units/shares worth more.

I thought Obama was outraged at the deficits. Yet he spends this. A billion here, $7billion there, where does it stop. All these billions keep adding up. I cannot believe all the deflationists. $7billion is a lot of money, and a lot of money to pay back if you are already $13 trillion in debt.

I think we are going to go much lower than 50. It all depends on if other countries continue devaluing their currency to keep it from going up in value. You could have a scenario where every country devalues their currency so much that the dollar index stays flat, yet gold doubles or triples.

Ummm How so? Coppers was $4/lb. It is now $2.80/lb. Anyone who bought in 2008 is down about 25%. Anyone who has bought gold in 2008 is up at least $50. If you bought on the lows, you are up $200-300.

netdania.com

If this is such big news, wouldn't the dollar be down more in Asia?

I knew this would be asked. My rent is $330, includes satellite tv/internet (this is what my landlord charges, he is probably losing money right now since only 2 rooms are filled. I am not sure if he owns the house outright or not. I actually haven't met the guy yet). Utilities are about...

Ok, so I just got a job at MCDs. I am a college student. My cost of living (not including cost to go to school) is under $500/month (it is really closer to $400). Working 15 hours per week at $7.25 pays for most of my cost of living. I only have one room mate in a 4 bed room house. Our only...

Yes, but you usually can't trust goldman. If GS says the dollar is going to recover 10%, chances are it is going to tank 30%.

Will recover to 1.35???? How will this happen